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The Latest Breaking News from Anthony Codling

FTSE 100 drifts lower as oil price pushes higher

The FTSE 100 index closed down 29.81 points, 0.3%, at 10,720.30.

Evening Standard

UK first-time buyers in best position to snap up property in a decade, data shows

Halifax says average price of house was a record £299,892 in November but that affordability is at its strongest since 2015

The Guardian - UK

Crest Nicholson plans job cuts and warns on profits, blaming budget uncertainty

Housebuilder’s autumn selling season was wiped out by speculation about new property taxes, says analyst

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

European stocks wilt but S&P 500 hits fresh high

The FTSE 100 index closed down 37.95 points, 0.4%, at 8,760.96.

Evening Standard

Nothing is more stressful than Britain’s housing market

LET’S UNPACK THAT: Home ownership may be framed as the pinnacle of human achievement, but the process of getting there has been rated as more anxiety-inducing than childbirth. Helen Coffey investigates why purchasing property in this country is so uniquely traumatic

The Independent UK

Average UK house price hits record £300,000 as demand remains undented

Cost of housing at all-time high, Halifax reports, as mortgage lengths and borrowing multiples grow

The Guardian - UK

Crest Nicholson sits crestfallen as Bellway suddenly walks away

Damage to the smaller housebuilder’s reputation will take time to heal but a takeover deal isn’t a deal until it’s signed

The Guardian - UK

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Barratt to Acquire Redrow in Landmark £2.5 Billion Deal

Barratt, the nation's largest housebuilder, has finalised a deal to acquire its smaller counterpart, Redrow, for an impressive sum exceeding £2.5 billion.

International Business Times UK

‘I was really shocked’: would-be UK homebuyers describe their mortgage battles

Even high earners being hit by harsh bank affordability tests in wake of crisis caused by mini-budget

The Guardian - UK

‘The risks are pretty big’: how long can UK house prices defy gravity?

Pent-up lockdown demand and stamp duty holidays kept prices high, but rising mortgage rates and living costs may tip balance

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